Saturday , 25 May 2019
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Santos Brasil (SBSA) has acquired 100% of the general cargo terminal in Imbituba Port for R$25m (US$15.5m), subject to certain contractual adjustments and approval by the Imbituba Port Authority, the Brazilian anti-trust authority, and ANTAQ, the national agency for monitoring and regulating transport issues.

SBSA acquires Imbituba terminal

The share purchase agreement was made between SBSA’s subsidiary Tremarctos Participações and terminal lessee Union Armazenagem e Operações Portuárias, a member of the Libra Terminais group. The concession contract, which began in 2006, runs for a period of 25 years, and is renewable for a further 25 years.

The terminal’s infrastructure includes a preferential berth quay adjacent to the Tecon Imbituba berth, almost 5.4 ha of bonded area within the port and a 3,000 sq m bonded warehouse.